When I woke up this morning and checked my emails, my inbox was flooded with messages from insurance friends from all around the world commenting on ACE’s agreement to purchase Chubb. The overall opinion in my global insurance network seems to be that this will be a great acquisition with the potential to benefit both companies involved, their customers, and the insurance market at large.
As in any good marriage, ACE and Chubb seem to complement each other well; Chubb has been around for a long time and the company has a great brand and an excellent track record in servicing clients, especially around claims handling. It has a very strong position as a leading P&C carrier in the USA, and a solid global network. It doesn’t always seem to be very fast moving, but it has an excellent reputation around trustworthiness and reliability. Amongst its many businesses, Chubb is a global leader in servicing the high-net-worth-individuals market.
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